Showing posts with label banks. Show all posts
Showing posts with label banks. Show all posts

Wednesday, October 21, 2020

Multiple Banks are Bullish on Gold and Silver

A consensus usually makes me nervous, as groupthink can often be wrong.  But investment and commercial banks are seeing what's painfully obvious:  money printing by central banks is on steroids.


Gold price to surge past $3,000 says Bank of America:  https://www.mining.com/gold-price-to-surge-past-3000-says-bank-of-america/

Goldman Sachs says gold will surge another 20% and hit $2,300 in the next year, driven by rock-bottom interest rates:  https://markets.businessinsider.com/news/stocks/goldman-sachs-raises-12-month-gold-forecast-2300-per-ounce-2020-7-1029437936#

Could Investing in Gold Add a New Dimension to Your Portfolio?  https://www.morganstanley.com/articles/investing-in-gold

UBS ‘very bullish’ on gold as bank expects bullion price to surge higher:  https://www.rt.com/business/501002-gold-price-bullish-ubs/
Silver to Benefit From Global Solar Surge. It’s Time to Buy Again, Goldman Sachs Says.  https://www.barrons.com/articles/silver-to-benefit-from-global-solar-surge-its-time-to-buy-again-goldman-sachs-says-51602513824

Biden's 'green stimulus' would send silver soaring to $50: Bank of America:  https://www.foxbusiness.com/markets/biden-green-new-deal-silver-prices-bank-of-america

Monday, November 6, 2017

Saudi Banks Begin Freezing Accounts Of Arrested Royals, Private Jets Grounded

This coup on the Saudi establishment indicates the anti-dollar movement pivoting away from the US and toward China, Russia and Iran is gaining momentum. The geopolitical, financial and social infrastructure of the US economy is about to become unhinged. Get ready for inflation. Government and media attempts to mask and suppress inflation will finally be exposed as fraudulent.  The decades-long era of the petrodollar is about to end.

http://www.zerohedge.com/news/2017-11-06/saudi-banks-begin-freezing-accounts-arrested-royals-block-private-jets

Friday, July 24, 2015

Banks Sued on Claims of Fixing Price of Gold

http://dealbook.nytimes.com/2014/05/05/banks-sued-on-claims-of-fixing-price-of-gold/?_r=2
According to one of the suits, “The ‘great flaw’ of the gold fixing process is that the member banks trade on the information exchanged during the call to manipulate the price of gold and gold derivatives before publication of the gold fix to the wider market.”

Each of the banks — Barclays, Scotiabank, Deutsche Bank, HSBC and Société Générale — denied, or declined to comment, on the accusations of collusion, which — at least traditionally — have been dismissed as a conspiracy theory. Nonetheless, concerns that the gold fix may be rigged have escalated of late in part because of investigations into the setting of the London interbank offered rate, or Libor, and suspicions about manipulation of global foreign exchange rates.

“A lot of conspiracy theories have turned out to be conspiracy fact,” said Kevin Maher, a former gold trader from New York, who filed the first suit against the banks. (The case is Maher v. Bank of Nova Scotia, 14-cv-01459.) “We now know that Libor was manipulated and that a bad odor is coming out of the Forex market. So why not gold?”

Mr. Maher, who started trading gold in 1993, said he filed his suit reluctantly and only after he became convinced that official regulators were unwilling or unable to investigate the fix. “I didn’t feel like there was any oversight, either from the government or from self-regulating entities,” he said in an interview last month. “A lawsuit seemed to be the only means to rectify the problem.”

Sunday, July 12, 2015

Systemic "Holidays" Are Coming to Banks, Money Market Accounts and More in the Weeks Ahead

http://www.zerohedge.com/news/2015-07-08/systemic-holidays-are-coming-banks-money-market-accounts-and-more-weeks-ahead
1)   The total currency (actual cash in the form of bills and coins) in the US financial system is a little over $1.36 trillion.

2)   When you include digital money sitting in short-term accounts and long-term accounts then you’re talking about roughly $10 trillion in “money” in the financial system.

3)   In contrast, the money in the US stock market (equity shares in publicly traded companies) is over $20 trillion in size.

4)   The US bond market  (money that has been lent to corporations, municipal Governments, State Governments, and the Federal Government) is almost twice this at $38 trillion.

5)   Total Credit Market Instruments (mortgages, collateralized debt obligations, junk bonds, commercial paper and other digitally-based “money” that is based on debt) is even larger $58.7 trillion.

6)   Unregulated over the counter derivatives traded between the big banks and corporations is north of $220 trillion.

When looking over these data points, the first thing that jumps out at the viewer is that the vast bulk of “money” in the system is in the form of digital loans or credit (non-physical debt).

Wednesday, June 17, 2015

Banks Fund Wars

All wars are funded by banks. The playbook is to induce deflation, so the government can grab bag assets at discounted prices. Then induce inflation by ginning up the printing press and create paper currencies to fund the war. Wash, rinse, repeat.

Thursday, December 25, 2014

The Terror Of How Banks Use Our Money: Russell Brand The Trews

I am not endorsing Bitcoin, Startcoin, or any other crypto-currency, but Max Keiser nails it when he exposes the shenanigans of the banking cartels.


https://www.youtube.com/watch?v=xWOsjVyc6wo#t=185

Monday, March 31, 2014

$242 Billion: That Is How Much Record "Window Dressing" Banks Got Today Thanks To The Fed

The bank bailouts are never-ending and far exceed official data.  The Fed and US Treasury have been operating "Perpetual Bank Bailouts" to the tune of at least $17 trillion since the 2008 financial crisis--not the reported several trillion.  The Fed's "trading desk" not only bails out domestic banks, but they also bail out foreign banks via currency swaps.  Our federal government and treasury are bankrupt, so they borrow more money to pay off old debts.  A 3rd grader would know this will not end well.

http://www.zerohedge.com/news/2014-03-31/242-billion-how-much-record-window-dressing-banks-got-today-thanks-fed